ETRL vs. TSLR
ETRL (GraniteShares 2x Long ETOR Daily ETF) and TSLR (GraniteShares 2x Long TSLA Daily ETF) are both Leveraged Equities funds from GraniteShares. Both are actively managed. At a 0.28 correlation, their price movements are largely independent. Both charge a 1.50% expense ratio.
Performance
ETRL vs. TSLR - Performance Comparison
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Returns By Period
In the year-to-date period, ETRL achieves a 1.78% return, which is significantly higher than TSLR's -38.91% return.
ETRL
- 1D
- 0.00%
- 1M
- -2.92%
- YTD
- 1.78%
- 6M
- -2.98%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TSLR
- 1D
- -0.10%
- 1M
- -27.39%
- YTD
- -38.91%
- 6M
- -47.71%
- 1Y
- -2.93%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETRL vs. TSLR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ETRL GraniteShares 2x Long ETOR Daily ETF | 1.78% | -51.32% |
TSLR GraniteShares 2x Long TSLA Daily ETF | -38.91% | 66.86% |
Correlation
The correlation between ETRL and TSLR is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 3, 2025 | 0.28 |
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Return for Risk
ETRL vs. TSLR — Risk / Return Rank
ETRL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TSLR
ETRL vs. TSLR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long ETOR Daily ETF (ETRL) and GraniteShares 2x Long TSLA Daily ETF (TSLR). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ETRL | TSLR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.07 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.05 | — |
| Martin ratioReturn relative to average drawdown | — | -0.11 | — |
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Drawdowns
ETRL vs. TSLR - Drawdown Comparison
The maximum ETRL drawdown since its inception was -76.63%, smaller than the maximum TSLR drawdown of -82.80%. Use the drawdown chart below to compare losses from any high point for ETRL and TSLR.
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Drawdown Indicators
| ETRL | TSLR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.63% | -82.80% | +6.17% |
Max Drawdown (1Y)Largest decline over 1 year | — | -54.37% | — |
Current DrawdownCurrent decline from peak | -50.45% | -68.74% | +18.29% |
Average DrawdownAverage peak-to-trough decline | -47.88% | -50.47% | +2.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 26.96% | — |
Volatility
ETRL vs. TSLR - Volatility Comparison
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Volatility by Period
| ETRL | TSLR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 28.32% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 56.96% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 102.42% | 87.92% | +14.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 102.42% | 115.26% | -12.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 102.42% | 115.26% | -12.84% |
ETRL vs. TSLR - Expense Ratio Comparison
Both ETRL and TSLR have an expense ratio of 1.50%.
Dividends
ETRL vs. TSLR - Dividend Comparison
Neither ETRL nor TSLR has paid dividends to shareholders.
Frequently Asked Questions
ETRL and TSLR have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 1.50% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
ETRL and TSLR have the same expense ratio: 1.50% per year.
ETRL and TSLR have nearly identical dividend yields, around 0.00%.
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